Instruction: Complete ALL questions from this section. Juice World Jamaica Limited, a leading juice manufacturing company has recently hired you as an Accounting Officer. As per job description, you are required to assist in the preparation of the financial statements. The Accounts Manager has extracted a list of balances as at December 2021 for you to review. Revenue Administrative Expenses Distribution Costs Interest paid on loan Purchases Inventories at 1 January 2021 Trade receivables Provision for doubtful debts at Jan 2021 Bad debts Non-current Investment $ 7 600 010 2 300 000 980 231 125 000 4 500 330 1 018 900 630 340 19 634 70 110 300 900 Additional notes i. ii. iii. iv. V. Provide for Administrative Expenses of $500 000 paid in advance at 31 December 2021 and Distribution Costs of $50 528 owing at 31 December 2021 Provision for Doubtful Debts is to be maintained at 10% of receivables Inventories at 31 December 2021 were valued at $1 000 000 Provide for corporation tax of $80 000 which is payable on October 1, 2022 Loan interest accrued $62 500 Required: A. Prepare for presentation to the shareholders a published Income Statement for the year ended 31 December 2021. (14 marks) B. Notes to the Income Statement. (6 marks) (Total 20 marks)